Refrigerators, Freezers and other Refrigerating or Freezing Equipment
Código 8418 (Harmonized System 2012 by 4 digits)
2024: US$8.26B, Total Trade Exchange
2024: US$6.56B, International Sales
2024: US$1.7B, International Purchases
In 2024, the trade exchange (includes international purchases and sales) of Refrigerators, Freezers and other Refrigerating or Freezing Equipment was US$8.26B.
In 2024, the states with the most international sales in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$2.59B), Querétaro (US$1.01B), Tamaulipas (US$930M), Ciudad de México (US$818M), and Chihuahua (US$748M).
The states with the most international purchases in 2024 were Nuevo León (US$510M), Ciudad de México (US$378M), Estado de México (US$172M), Baja California (US$144M), and Querétaro (US$125M).
In 2024, the main commercial destinations of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$5.99B), Canada (US$162M), Panama (US$95.8M), Colombia (US$50.2M), and Brazil (US$35.4M).
The main commercial origins of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in 2024 were China (US$728M), United States (US$650M), South Korea (US$107M), Italy (US$35.9M), and Indonesia (US$30.3M).
In the global context, the main exporting countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in 2022 were China (US$17.7B), Mexico (US$7.17B), and Italy (US$4.15B). In the same year, the main importing countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$14.6B), Germany (US$4.32B), and France (US$2.88B).
Trade Balance of Mexico
#permalink to sectionNet Trade Balance
#permalink to sectionUS$8.26B, Total Trade Exchange (2024)
In 2024, the total trade exchange of Refrigerators, Freezers and other Refrigerating or Freezing Equipment in Mexico (including international purchases and sales) was US$8.26B.
The visualizations show the net balance of Refrigerators, Freezers and other Refrigerating or Freezing Equipment at the level of states and countries. Colors more similar to blue, indicate that the territory presented a higher level of international sales. Colors more similar to red, indicate that the territory presented a higher level of international purchases.
Net International Trade
#permalink to sectionDecember, 2024
- US$116M, International Purchases
- US$587M, International Sales
In December 2024, international sales of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were US$587M, while international purchases reached US$116M. The above results in a trade balance of US$472M.
Market Concentration
#permalink to section2024-Q4: US$1.66B, International Sales
The visualization shows the quarterly concentration of international sales of Refrigerators, Freezers and other Refrigerating or Freezing Equipment at state level.
In the fourth quarter of 2024, international sales were US$1.66B, being the states with the most sales Nuevo León (US$694M), Tamaulipas (US$222M), and Chihuahua (US$206M).
Exchange by Territory
#permalink to sectionInternational Sales
#permalink to sectionNuevo León: US$2.59B, State with the Most International Sales (2024)
United States: US$5.99B, Main commercial destination (2024)
In 2024, the states with the highest international sales in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$2.59B), Querétaro (US$1.01B), Tamaulipas (US$930M), Ciudad de México (US$818M), and Chihuahua (US$748M).
In 2024, the countries with the most international purchases from Mexico were United States (US$5.99B), Canada (US$162M), Panama (US$95.8M), Colombia (US$50.2M), and Brazil (US$35.4M).
International Purchases
#permalink to sectionNuevo León: US$510M, State with the Most International Purchases (2024)
China: US$728M, Main Commercial Origin (2024)
In 2024, the states with the highest international in Refrigerators, Freezers and other Refrigerating or Freezing Equipment were Nuevo León (US$510M), Ciudad de México (US$378M), Estado de México (US$172M), Baja California (US$144M), and Querétaro (US$125M).
The countries with the most international sales to Mexico in 2024 were China (US$728M), United States (US$650M), South Korea (US$107M), Italy (US$35.9M), and Indonesia (US$30.3M).
Specialization
#permalink to sectionSpecialization by State
#permalink to sectionThe RCA-Complexity diagram compares the Revelead Comparative Advantages of states in Refrigerators, Freezers and other Refrigerating or Freezing Equipment and the Economic Complexity Index of each state.
RCA values greater than 1 indicate that the state has comparative advantages in Refrigerators, Freezers and other Refrigerating or Freezing Equipment. On the other hand, high levels of complexity (ECI) are associated with higher levels of income, potential for economic growth, lower income inequality and lower emissions.
Global Market
#permalink to sectionOrigins and Trade Destinations
#permalink to section- 11.2%, Mexican share in global exports - 2022
- 2.03%, Mexican share in global imports - 2022
The visualizations show the global market for Refrigerators, Freezers and other Refrigerating or Freezing Equipment. In both charts, Mexico stands out in order to identify its participation in the export and import market.
In 2022, the main exporting countries of Refrigerators, Freezers and other Refrigerating or Freezing Equipment were China (US$17.7B), Mexico (US$7.17B), and Italy (US$4.15B). In the same year, the main importing countries for Refrigerators, Freezers and other Refrigerating or Freezing Equipment were United States (US$14.6B), Germany (US$4.32B), and France (US$2.88B).